Tag Archives: Group IB

$571 Million: Notorious North Korean Hacker Group Has Stolen a Fortune in Cryptocurrency

Advertisement Even though blockchain technology has all sorts of security applications, one thing is for sure: cryptocurrency exchanges are vulnerable to cybersecurity attacks, and hackers have exploited these flaws for massive gains. However, no hacker crew has been quite as successful as the infamous North Korean group of hackers, dubbed “Lazarus,” which is responsible for the theft of… Read More »

Report: North Korea’s Lazarus Hackers Have Stolen $571M In Crypto

North Korean Lazarus Hacking Group Thrashes Crypto Exchanges You may not have heard of them, but reports claim that the North Korea-based Lazarus hacker consortium is responsible for some of the crypto industry’s most-damaging hacks in the past 12 months. As reported by Etehreum World News in late-August, at one point, the group reportedly utilized a piece of… Read More »

Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges. $1.3 Million Lost Every Day Moscow-based cybersecurity company Group-IB has released a report on… Read More »

United States is Number One in Cryptocurrency Crime, Data Shows

With the increasing popularity of digital assets, more sophisticated means are being developed to obtain ownership of these highly sought-after coins illegally. A recent study has put the United States at the heart of global cryptocurrency crime. The study also reports that cybercriminals have attacked all top cryptocurrency exchange platforms. More than Half of all Cryptocurrency Crime Originates… Read More »

Hacked Accounts on Crypto Exchanges Rose 369% in 2017, Research Finds

New research has found that crypto hacks are increasing, with a majority of criminal activity originating from the U.S., according to International cybersecurity firm Group-IB. Poor Security Measures According to Group-IB, hacked accounts rose 369 per cent in 2017 compared to the previous year, with 720 usernames and passwords stolen across 19 of the top exchanges, reports The Next… Read More »

Two of Russia’s Largest Banks to Offer Crypto Trading in Six Top Coins

Two of Russia’s largest banks, Alfa Bank and Sberbank, will soon be offering clients access to cryptocurrency portfolios that will permit the trading of six popular coins on major exchanges Kraken and Bitstamp. Crypto Trading Portfolio Alfa Bank is the largest private bank in Russia, while Sberbank is state-owned and is responsible for processing government employee pay checks. According… Read More »